NOT LISTED FOR SALE

3506 NW County Rd Hobbs, NM 88240

Estimated Value: $327,000 - $357,326

-- Bed
4 Baths
1,240 Sq Ft
$276/Sq Ft Est. Value

About This Home

This home is located at 3506 NW County Rd, Hobbs, NM 88240 and is currently estimated at $342,163, approximately $275 per square foot. 3506 NW County Rd is a home located in Lea County with nearby schools including Sanger Elementary School, Heizer Middle School, and Hobbs Freshman High School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 22, 2025
Sold by
New Challenges Llc
Bought by
A1 Rental Llc
Current Estimated Value
$342,163

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$576,000
Outstanding Balance
$574,274
Interest Rate
7.5%
Mortgage Type
Credit Line Revolving
Estimated Equity
-$232,111

Purchase Details

Closed on
Nov 17, 2022
Sold by
Bloom Ventures Llc
Bought by
Rivas Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,300,000
Interest Rate
8%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

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ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

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First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

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Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
A1 Rental Llc -- First American Title Insurance
A1 Rental Llc -- First American Title Insurance
Rivas Properties Llc -- First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open A1 Rental Llc $576,000
Closed A1 Rental Llc $576,000
Previous Owner Rivas Properties Llc $1,300,000
Source: Public Records

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $1,196 $34,657 $4,879 $29,778
2023 $1,069 $30,982 $4,737 $26,245
2022 $1,026 $30,982 $4,737 $26,245
2021 $1,121 $32,850 $4,465 $28,385
2020 $1,097 $32,720 $4,335 $28,385
2019 $1,050 $31,767 $4,209 $27,558
2018 $956 $29,018 $4,086 $24,932
2017 $981 $84,519 $11,901 $72,618
2016 $1,006 $84,171 $11,553 $72,618
2015 $926 $84,171 $11,553 $72,618
2014 -- $80,553 $11,553 $69,000
Source: Public Records

Map

New Mexico Lea County Hobbs 88240

3506 NW County Rd, Hobbs, NM

Not Listed for Sale

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